Tag "debt"

California’s state auditors recently released an unflattering look at the state’s finances, part of their annual report. Issued several years in arrears, the assessment showed nearly $2 billion in deficit spending for the 2011-2012 fiscal year, piling more borrowed

With the start of a new year, a fresh array of political, economic and legal developments promise to sharpen California’s ongoing debate over the costs and consequences of its current education system. The California State Teachers’ Retirement System, one of

State Treasurer John Chiang issued a report recently that praises California’s fiscal strides in dealing with debt but also raises warnings that the state is still in the deep end of the debt pool. The issue of debt will be on

The State of California has found a way to save $270 million — without budget cuts or raising taxes. State Treasurer John Chiang recently announced that his office had completed the sale of $1.93 billion in general obligation bonds, which

Challenging their own governor for budget supremacy, California Democrats passed an ambitious state budget with just hours to spare before the deadline. Dueling Democrats “California lawmakers on Monday approved a budget with $2.2 billion more in spending than proposed by Democrat

In the past I’ve written here about the U.S. federal budget not being $17 trillion in the red, but more than $200 trillion (with a “t”). The calculations come not from some right-wing activist, but from Prof. Laurence Kotlikoff, a

March 6, 2013 By Chris Reed When the press release came out Monday that the California High-Speed Rail Authority had recruited a top executive away from the California Public Employees’ Retirement System, a Tweet from former Los Angeles Times journo

March 2, 2013 By John Hrabe SACRAMENTO — Meeting in the state capital this weekend for its spring convention, the California Republican Party is deep in the red. The party’s debt problems are so bad it’s not even clear how

Sept. 6, 2012 By John Seiler I’m looking forward to President Obama’s acceptance speech tonight. I’m not a fan of his policies. But for all I pay for our Brobdingnagian Government, the least I can get is the entertainment of